Ride the Wells Fargo Wagon

Wells Fargo, which is scheduled to report fourth-quarter earnings early Friday, is attracting bullish options activity in anticipation that the bank's shares will rally higher.

With options prices unusually low following the collapse in the Chicago Board Options Exchange's Volatility Index (VIX), major investors are buying large amounts of Wells Fargo's (ticker: WFC) January $35 and $36 calls to profit from better-than-expected...